Xylem Inc. (NYSE:XYL) Shares Acquired by Swedbank AB

Swedbank AB boosted its position in Xylem Inc. (NYSE:XYL) by 23.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,683,201 shares of the industrial products company’s stock after purchasing an additional 691,618 shares during the period. Swedbank AB owned about 1.52% of Xylem worth $427,325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Nordea Investment Management AB lifted its holdings in Xylem by 24.6% in the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock valued at $3,125,000 after acquiring an additional 5,286 shares during the period. MML Investors Services LLC lifted its stake in shares of Xylem by 66.9% in the third quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock valued at $2,152,000 after purchasing an additional 6,386 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Xylem by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock worth $181,719,000 after buying an additional 5,817 shares in the last quarter. Groupama Asset Managment grew its position in Xylem by 89.6% during the third quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company’s stock worth $2,206,000 after buying an additional 7,723 shares during the period. Finally, Franklin Resources Inc. increased its holdings in Xylem by 2.3% in the third quarter. Franklin Resources Inc. now owns 1,597,657 shares of the industrial products company’s stock valued at $219,262,000 after buying an additional 36,102 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

XYL has been the subject of several research reports. Citigroup cut their price target on Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Royal Bank of Canada cut their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Robert W. Baird lowered their price target on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Finally, TD Cowen reduced their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.50.

Xylem Trading Up 0.7 %

Shares of Xylem stock traded up $0.80 during trading hours on Wednesday, hitting $122.14. The company’s stock had a trading volume of 56,374 shares, compared to its average volume of 1,148,381. The business has a fifty day moving average of $120.85 and a 200 day moving average of $128.09. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 1-year low of $112.02 and a 1-year high of $146.08. The company has a market capitalization of $29.67 billion, a PE ratio of 35.73, a P/E/G ratio of 2.05 and a beta of 1.06.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the business earned $0.99 EPS. Xylem’s quarterly revenue was up .2% compared to the same quarter last year. As a group, equities analysts forecast that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Tuesday, November 26th. Xylem’s payout ratio is currently 42.11%.

About Xylem

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.